This volume investigates how the persistence of low capital market returns necessitates a fundamental restructuring of global pension systems, individual saving strategies, and retirement decumulation models. Edited by Olivia S. Mitchell, Raimond Maurer, and Robert A. Clark, the book compiles research and policy analysis from a diverse group of actuaries, academics, and industry regulators. The authors argue that the era of high-growth market assumptions has ended, requiring a shift toward more resilient, adaptive financial frameworks for long-term security.

Experts identify this volume as a critical resource for policymakers and financial professionals navigating the complexities of modern pension management. Readers frequently note the technical density of the prose, which provides a rigorous examination of the structural challenges facing retirement systems today.